I am also a novice in the secondary cryptocurrency circle. I have stumbled and come to where I am today, and have experienced ups and downs, and tasted the ups and downs. In this senior cryptocurrency journey, I gradually realized the three realms of cryptocurrency speculation: the "apprentice" who buys, the "master" who sells, and the "ancestor" who is short.
1️⃣. Enter the "apprentice" realm.
In the cryptocurrency world, buying coins can be said to be the first step to get started. However, this step is not easy. Newbies often get lost and at a loss among various altcoins. But I want to tell you that there are also skills to buying coins.
No matter how unpredictable the market is, we must always maintain a steady mindset. I suggest that you put half of your positions in Bitcoin and Ethereum, which are the idol cornerstones of the currency circle and the most stable investment options.
As for the remaining positions, we need to choose according to the market situation and our own judgment. When the bull market comes, various altcoins will spring up like mushrooms after rain. At this time, we need to keep a clear mind and keenly capture those potential currencies.
Of course, this does not mean that we should blindly chase high prices, but we should analyze rationally and operate prudently. Remember, cryptocurrency trading is not gambling, but requires us to use wisdom and courage to gamble.
2️⃣The "Master" realm of selling.
Compared with buying coins, selling coins is more challenging for our skills and mentality. Many people always want to sell at the highest point, but it is actually an unrealistic fantasy. The market is changing rapidly and we cannot predict future trends.
Therefore, we need to learn to set reasonable profit targets and strictly implement them. For example, you can set a profit target according to your needs, and when you reach this target, you should sell decisively and don’t be greedy.
In addition to setting profit targets, we also need to learn to use technical indicators to assist our decision-making. MACD, K-line and other indicators are our tools in the process of cryptocurrency trading. By observing the changes in these indicators, we can find the turning points of the market in time and make the right decisions.
Of course, this requires us to have certain professional knowledge and experience accumulation.
3️⃣Karakura’s “ancestor” realm.
Being short is the highest state in cryptocurrency trading, and it is also the most difficult state to reach. In a bull market, we need to remain calm and not be confused by the market frenzy; in a bear market, we need to remain patient and wait for opportunities to come.
It is not easy to hold a vacuum warehouse, because we need to resist the temptation and pressure from people around us and maintain our independent thinking and decision-making ability. Only by truly mastering the art of holding a vacuum warehouse can we be invincible in the currency circle.
Because being short means we can enter the market at any time to buy at the bottom and get the maximum profit; it also means we can avoid suffering huge losses when the market falls.
Remember, cryptocurrency trading is not a sprint, but a marathon. We need to have enough patience and perseverance to go further and more steadily in the cryptocurrency circle.
The three realms of cryptocurrency trading. Every step requires us to study and practice attentively, and constantly improve our skills and mentality.
Only in this way can we find our own piece of sky in the cryptocurrency world which is full of opportunities and challenges.
